Citizens (NYSE:CIA) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Citizens, Inc. (NYSE:CIA) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.24 and traded as high as $4.88. Citizens shares last traded at $4.84, with a volume of 131,499 shares traded.

Analyst Ratings Changes

Separately, Singular Research upgraded Citizens to a “strong-buy” rating in a research note on Monday, November 18th.

Citizens Price Performance

The stock has a 50-day moving average price of $4.67 and a 200 day moving average price of $4.24. The firm has a market cap of $241.55 million, a price-to-earnings ratio of 11.26 and a beta of 0.13.

Institutional Trading of Citizens

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Global Management LLC purchased a new position in shares of Citizens during the fourth quarter worth about $41,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Citizens during the fourth quarter worth about $63,000. Millennium Management LLC grew its holdings in shares of Citizens by 49.2% during the fourth quarter. Millennium Management LLC now owns 202,347 shares of the insurance provider’s stock worth $811,000 after buying an additional 66,718 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of Citizens by 9.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,976 shares of the insurance provider’s stock worth $148,000 after buying an additional 3,176 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Citizens by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 427,347 shares of the insurance provider’s stock valued at $1,714,000 after purchasing an additional 3,235 shares in the last quarter. Institutional investors and hedge funds own 13.73% of the company’s stock.

About Citizens

Citizens, Inc provides life insurance products in the United States and internationally. The company operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment issues ordinary whole life insurance and endowment policies in the United States dollar-denominated amounts to non-U.S.